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BY CHARLES STANLEY

You’re watching multisource tech news analysis from Newsy
“Apple is developing cheaper, nano sized iPhones and the storage service called MobileME that will help make up for the _______ of storage on these devices.” (The Wall Street Journal)

iPhone Mini?  For free? The rumors keep swirling – after The Wall Street Journal reported Apple is preparing for another product launch this summer.  The new device is said to be about half the size of the current iPhone — and _______ the cost.

Analysts say the smaller price tag could help Apple win back some market share from a surging Android base.  The Journal reports it’s a possible shift to the cloud – that’s the big move here.

“I think Apple has gone from the niche, with these elegant expensive smart phones.  Now they are looking to get market share basically. Coming down on price range, and using the cloud to do that.  Using servers far away, have your _______ access it, keep all your stuff over there. So you don’t need all these expensive components in your phone.”

The revamped MobileMe or cloud was supposed to be introduced with the _______ of the iPhone 4 – but is still in development. Techland explains how the cloud could free up your iPhone.

“The idea would be that you’d buy a song from iTunes and you’d be able to stream it to any compatible Apple device or computer running iTunes without downloading and transferring it. And you’d have access to entire music collections larger than the available storage on your iPhone…”

And according to PCMag, Apple needs to keep pace with Android, explaining a recent trend hasn’t been in Apple’s favor.

“Recent data from comScore showed that Android _______ iOS to become the number two mobile platform in the U.S., but just by a hair. Android captured 26 percent of the market while Apple is close on its heels with a 25 percent share.”

Bloomberg says the new phone should help apple keep pace with Android – saying the iPhone mini will have what the current iPhone lacks – global appeal.

“A cheaper iPhone would help Apple make _______ inroads in markets such as China and India, where many shoppers opt for lower-priced devices that don’t carry long-term contracts.”

Reports indicate Steve Jobs has been working diligently from home on the new device – and it, along with the cloud, remain of the quote ‘utmost importance’.

Transcript by Newsy.

(Image Source: Fast Company)